Despite the bullish market, Bitcoin (BTC) has been fluctuating between 34 and 35k, which could indicate that the bears are gaining control, and the possibility of a bearish market taking over is looming.
November is typically a bearish month for cryptocurrency, which may result in a slight dip before the next Bitcoin halving. However, this event could lead us into the next bull market.
While Bitcoin had a bullish rally in October, many altcoins have yet to respond. This may cause a shift of money flow from Bitcoin to altcoins, leading to a surge in altcoin prices. Some altcoins have good use cases, but exchange tokens may be the most attractive choice for holding during the bull market due to their use cases. As cryptocurrencies become more widely adopted, these tokens have a higher chance of attracting users.
In my opinion, BGB, the exchange token of Bitget, is a promising option. Another notable exchange token is OKB.. However, it is important to conduct your own research (DYOR) before making any investment decisions and share your opinion.
It's no brainer that holding top CEX exchange tokens heading into the bull run is a smart decision. These exchanges and their tokens experience a hike in demand during bull runs, ultimately sending their prices high. Bitget and BGB consistency in the bear market suggests it will have an easy run in the bull run
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I agree cos i have made decent gains in the past by accumulating exchanges' tokens during the bear season season and selling it at the peak of the bull season. I have been using dollar cost average to buy BGB, BNB, MX, OKB and OKX ahead of the next bull run.
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Knowing what to anticipate from a rebounding market following an extended period of adverse trend is beneficial. Before the market confirms a significant increase, it will be beneficial to see some price retracement. This means traders need to be wise and begin buying altcoins right away, as you mentioned.
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